Business: Cemtrex, Inc., 10.00% Cumulative Series 1 Preferred Stock, liquidation preference $10 per share, redeemable at the issuer's option at any time at $10 per share plus accrued and unpaid dividends, and with no stated maturity. <p> Cumulative distributions of 10.00% per annum ($1.00 per annum or $0.50 per semiannually) will be paid semiannually on 3/31 & 9/30 to holders of record on the record date that will be (NOTE: the ex-dividend date is one business day prior to the record date). <p> Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.